Tenders

Financial Assurance Framework

Open
Deadline
117 days left
June 29, 2026
Contract Details
Category
Other
Reference
000947-2026
Value
£24,000,000
Location
Northumberland and Tyne and Wear, United Kingdom
Published
February 24, 2026
CPV Code
Project Timeline

Tender Published

January 07, 2026

Deadline for Questions

June 22, 2026

Submission Deadline

June 29, 2026

Contract Start Date

June 29, 2026

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View Original
Budget
£24,000,000
Duration
72 months
Location
Northumberland and Tyne and Wear
Type
Other
68
Quality Score/100
Good

Original Tender Description

The aim of this pre-market engagement exercise is to prepare for a potential tendering exercise to procure commercial and financial assurance advisors to support the NHS Business Services Authority (NHSBSA), both in the delivery of major transformation programmes and projects, and the ongoing development of future commercial and finance business functions.

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Requirements & Qualifications

13 requirements across 5 categories

Submission (4)
Mandatory (1)
Compliance (2)
Technical (4)
Financial (2)
SUBMISSION REQUIREMENTS4
--This is a pre-market engagement notice; therefore, specific tender submission requirements are not yet available.
--For *this pre-market engagement exercise*, interested parties must submit requests to participate by 8 March 2026.
--The future tendering exercise, being a Restricted procurement, will involve a two-stage process: a selection stage (e.g., PQQ/SQ submission) followed by an Invitation to Tender (ITT) for selected candidates.
MANDATORY EXCLUSION GROUNDS1
--Specific mandatory exclusion grounds are not detailed in this pre-market engagement notice. However, any future tender will require bidders to declare they are not subject to mandatory exclusion grounds as per relevant public procurement regulations (e.g., UK Public Contracts Regulations 2015).
ELIGIBILITY REQUIREMENTS2
--Specific eligibility requirements are not detailed in this pre-market engagement notice. However, any future tender will likely require bidders to be legally constituted entities capable of entering into a contract with a UK public body.
--As a Restricted procurement, bidders will need to pass a selection stage (e.g., PQQ/SQ) to be invited to tender.
TECHNICAL CAPABILITY REQUIREMENTS4
--Specific technical capability requirements are not detailed in this pre-market engagement notice. However, the future tender will require bidders to demonstrate expertise and experience in providing commercial and financial assurance advisory services.
--Bidders will need to demonstrate capability to support major transformation programmes and projects.
--Bidders will need to demonstrate capability in the ongoing development of future commercial and finance business functions.
FINANCIAL REQUIREMENTS2
--Specific financial requirements are not detailed in this pre-market engagement notice. However, for a contract with an estimated value of 24,000,000 EUR over 72 months, the future tender will likely require bidders to demonstrate robust financial standing and capacity.
--This may include meeting minimum annual turnover thresholds, providing financial statements, or other evidence of economic and financial standing.

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Documents

1 documents available with AI summaries

Official PDF VersionPDF
000947-2026_official.pdf

This is a pre-market engagement notice preparing for a potential tendering exercise to procure commercial and financial assurance advisors for the NHS Business Services Authority, supporting major transformation programmes and the development of future commercial and finance functions, with an estimated value of £20 million and a deadline for requests to participate on 8 March 2026.

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68
Good

Tender Quality Score

This is a pre-market engagement notice for a significant financial assurance framework, providing an initial overview of the procurement's scope and estimated value. While it sets appropriate expectations for market engagement, it naturally lacks specific details for the future tender.

Score Breakdown

Legal Compliance100/100

The notice correctly references mandatory exclusion grounds as per relevant UK public procurement regulations, indicating an awareness of legal requirements for the future tender. As a pre-market engagement, full legal compliance checks for a tender are not yet applicable.

Clarity40/100

The purpose of this notice as a pre-market engagement is clearly stated. The description of the services required (commercial and financial assurance advisors for transformation and business function development) is clear in its intent, though specific requirements are broadly outlined.

Completeness83/100

As a pre-market engagement notice, it is intentionally incomplete regarding specific tender requirements (eligibility, technical, financial, submission details). This is appropriate for this stage, but means potential bidders have limited concrete information to prepare.

Fairness60/100

At this preliminary stage, the broad nature of the outlined requirements does not suggest tailoring for a specific company. The mention of a 'Restricted' procedure implies a selection stage, which can ensure fairness if criteria are objective and proportionate.

Practicality40/100

The pre-market engagement itself is a practical step to gather market insights and prepare for a complex procurement. However, the lack of specific detail might limit the depth of feedback from potential bidders.

Data Consistency100/100

The information provided within the notice is consistent, clearly distinguishing between current pre-market engagement information and anticipated future tender requirements.

Sustainability25/100

There is no mention of green procurement or social criteria within the provided information, indicating a potential omission of sustainability considerations at this preliminary stage.

Strengths

Clear identification as a pre-market engagement, setting appropriate expectations.
Outlines the scope and key areas for future requirements (commercial/financial assurance, transformation, business functions).
Discloses estimated value and contract duration, aiding market preparation.
Highlights 'Innovation Focus' as a procurement characteristic.

Concerns

Significant lack of specific detail regarding future eligibility, technical, and financial requirements, limiting market's ability to prepare effectively.
Absence of any attached documents or detailed submission requirements for the pre-market engagement itself.
Missing explicit mention of sustainability (green/social) criteria, which are increasingly important in public procurement.
No indication of how market feedback from this engagement will be incorporated into the future tender process.

Recommendations

1. Provide more specific examples or a draft scope of services during the pre-market engagement to elicit more targeted and valuable feedback.
2. Clearly communicate the process for market engagement, including how feedback will be collected and utilized to shape the future tender.
3. Consider integrating sustainability and social value criteria into the future tender requirements from the outset.

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